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Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.

Group includes U.S. Chamber, building-trade unions, manufacturers' association

Looking ahead to President Trump’s $1-trillion, 10-year infrastructure plan, rural states are laying down a marker. Transportation officials from rural areas say public- private partnerships generally won’t help them.

Construction spending in the U.S. fell by 0.2% in December, to a seasonally adjusted annual rate of $1.18 billion, according to the U.S. Dept. of Commerce’s Census Bureau.